STANDARD DOMESTIC ACCOUNTS

JOINT ACCOUNT WITH TENANTS IN COMMON

DESCRIPTION

The account is registered under the names of more than one individual.  A Joint Tenants in Common (JTIC) account allows account holders to designate a percentage interest to each holder.

CASH ACCOUNT

All securities in a cash account must be paid in full. 

MARGIN ACCOUNT

A margin account allows the investor to borrow money for investing purposes by using the account's existing equity as collateral.  A minimum of $2,000 and a signed Margin Agreement is required.

REQUIRED DOCUMENTS

New Account Form
Joint Account Form (JTIC)
Copy of driver's license or passport for ALL account holders

OPTIONAL FORMS

Margin Agreement
Options Agreement
Account Transfer Form
ACH Activation Form
PenFlex Application (checkwriting)

NOTES & RESTRICTIONS

Account holder(s) must be at least 18 years of age
Make all checks payable to Penson Financial Services
For pattern day-trading accounts, please visit our Active Traders section for additional information.